Business
Alibaba to spend three billion yuan for Chinese New Year AI push as chatbot war heats up
The public holiday period this year begins on Feb 15 and is nine days long, longer than in most previous years Alibaba said on Monday (Feb…
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yuan
Business
Metals traders lose at least one billion yuan as ‘Hat’ flees China
Chinese metals markets have seen more than their fair share of scandal in recent years Chinese metals traders have racked up losses…
Unsorted
‘Shop in China’ travel boom risks complicating PBOC’s yuan math
Foreign visitors to the capital city of Beijing spent an unprecedented 50.6 billion yuan in 2025 A SURGE in foreign travellers strolling…
Business
China plans 200 billion yuan capital injection into biggest insurers: sources
It would be the first time Beijing has used special bonds to inject capital into insurers China is mulling the sale of hundreds of…
Business
Yuan set to extend decade‑long win streak into Lunar New Year
The Chinese yuan, riding its longest weekly rally in more than a decade, is expected to strengthen further as exporters boost demand for…
Business
Raffles Education seeks shareholder nod on 426.4 million yuan sale of private college in China
An extraordinary general meeting will be held on Feb 3; share price jumps almost 9% Raffles Education is seeking shareholder approval for…
Business
JD.com weighs raising 10 billion yuan in debut dim sum bond sale
Dim sum bonds are attractive to some Chinese tech firms because of their lower financing costs JD.COM is considering its first dim sum…
Business
China to pay interest on digital yuan in bid to boost adoption
CHINA is about to start paying interest on its official digital currency in a fresh push to get more people to use it after about a decade…
Business
Baht soars to 3-year high against Singdollar as it climbs on gold spike, yuan strength
Thai currency’s rise is fuelled by a soft US dollar, recent Fed easing and sharp acceleration in gold prices The baht’s rally has pushed…
Business
CLI closes second onshore sub-fund; targets 1.48 billion yuan in funds under management
It is under the CLI RMB Master Fund with CapitaMall Xinduxin, as the seed asset Global real asset manager CapitaLand Investment (CLI) said…
Business
IMF wades into debate over yuan, warns on risk of trade tensions
It’s lending its voice to a debate over distortions caused by a weaker exchange rate The International Monetary Fund linked China’s…
Business
China chipmaker Moore Threads soars 469% after eight billion yuan IPO
The listing comes as optimism over the country’s drive for tech self-sufficiency intensifies, fuelled by trade tensions and fears of US…
Business
China chipmaker Moore Threads soars 502% after eight billion yuan IPO
The listing comes as optimism over the country’s drive for tech self-sufficiency intensifies, fuelled by trade tensions and fears of US…
Business
Sunpower Group subsidiary to acquire 15% stake in Jining Xinneng Thermal Power for 30.2 million yuan
Sunpower International Holding (Singapore), a wholly owned subsidiary of Sunpower Group, is acquiring a 15 per cent equity interest in…
Business
EV maker Nio posts 3.5 billion yuan net loss for Q3 2025
Chinese electric vehicle (EV) maker Nio recorded a net loss of 3.5 billion yuan (S$638 million) for its third quarter ended Jun 30, 2025,…
Business
EV maker Nio trims Q3 loss to 3.5 billion yuan with 40% jump in vehicle deliveries
Chinese electric vehicle (EV) maker Nio recorded a net loss of 3.5 billion yuan (S$638 million) for its third quarter ended Jun 30, 2025,…
Unsorted
Wilmar China unit found guilty of contract fraud, liable for 1.88 billion yuan in losses; looks to appeal judgement
It has been previously sued as an ‘accomplice’ in contract fraud related to palm oil trades A subsidiary of Wilmar International has been…
News
Wilmar China unit found guilty of contract fraud, jointly liable for 1.88 billion yuan in losses; will appeal against court decision
It has been previously sued as an ‘accomplice’ in contract fraud related to palm oil trades A subsidiary of Wilmar International has been…
Business
ST Engineering sells 49% stake in Shanghai MRO JV to China Eastern Airlines for 680.5 million yuan
The move will yield a one-off gain of around S$48.1 million, based on the S$60.2 million carrying value for Starco ST Engineering has…
Business
Sasseur Reit Q3 rental income up 4.9% at 166.3 million yuan
The manager of Sasseur Real Estate Investment Trust (Sasseur Reit) on Thursday (Nov 13) posted rental income of 166.3 million yuan (S$30.4…
Business
Yangzijiang Financial not proceeding with one billion yuan investment in Chinese lithium battery producer
Subsidiary Jiangsu New Yangzi Commerce & Trading and two strategic investors fail to secure an approval from Ningbo Shanshan’s creditors…
Business
Yangzijiang Financial aborts one billion yuan investment in Chinese lithium battery producer
Subsidiary Jiangsu New Yangzi Commerce & Trading and two strategic investors fail to secure approval from Ningbo Shanshan’s creditors…
Business
CapitaLand China Trust’s Q3 net property income down 8.5% at 273.5 million yuan
CapitaLand China Trust posted net property income (NPI) of 273.5 million yuan (S$50 million) for its third quarter ended Sep 30, down 8.5…
Business
Meituan plans debut dim sum bonds in up to 10 billion yuan sale
The company has faced an increasingly crowded field in China’s food delivery sector, where rivals have been slashing prices Chinese food…